The Intermingling Relationship of Economic Growth and Institutional Quality: A Panel Data Analysis

Tugba Figankaplan

Journal of BRSA Banking and Financial Markets, 2017, vol. 11, issue 1, 65-91

Abstract: The purpose of this study is to investigate the relationship between economic growth and institutional quality. In this study, the relationship between economic growth and institutional quality is analyzed econometrically by using Mankiw-Romer-Weil (MRW) growth model and employing panel data regression analysis in the sample of 11 countries including Germany, Belgium, France, England, Spain, Ireland, Italy, Greece, Netherlands, Portugal and Turkey for the period between the years 1990 and 2015. Analysis results imply that protection of property rights, rule of law and control of corruption have a positive effect on economic growth, but judicial independence and regulatory quality have a negative effect.

Keywords: Economic Growth; Institutional Quality; MRW Growth Model; Panel Data Analysis (search for similar items in EconPapers)
JEL-codes: N24 O17 O43 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.bddk.org.tr/Content/docs/bddkDergiEn/dergi_0021_05.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdd:journl:v:11:y:2017:i:1:p:65-91

Access Statistics for this article

More articles in Journal of BRSA Banking and Financial Markets from Banking Regulation and Supervision Agency Contact information at EDIRC.
Bibliographic data for series maintained by Sumeyye Azize CENGIZ ().